The U.S. Securities and Exchange Commission (SEC) has once again delayed a decision regarding a spot-based XRP ETF. This time, it concerns the proposal submitted by 21Shares on March 11. Although the delay falls within the agency’s standard review period, it raises questions about the timeline for altcoin ETF approvals.
SEC Pushes XRP ETF Decision Further
According to the official notice, 21Shares has not received the green light — at least not yet. The SEC exercised its right to extend the review period, which can last up to 240 days. During this time, the regulator gathers public feedback and analyzes relevant market data.
While the delay does not necessarily signal a negative outcome, investor frustration is growing. Earlier this year, the SEC also postponed decisions on XRP ETF filings from Franklin Templeton and Bitwise. However, similar delays occurred with Bitcoin and Ethereum ETFs before they were eventually approved.
When Could an XRP ETF Be Approved?
Analysts from Bloomberg anticipate that a spot-based XRP ETF could receive approval before the end of 2025. Some insiders are even optimistic that a decision could come as early as June. The recent launch of regulated XRP futures on CME Group’s trading platform has only fueled this optimism.
XRP futures are considered a critical step toward broader institutional adoption. Their existence lends credibility to XRP as a legitimate investment asset. Historically, regulators have followed a similar pattern: first allowing futures, then approving a spot ETF.
XRP EUR – XRP Euro Price Chart
According to prediction market Polymarket, there is currently an 83% chance that an XRP ETF will be approved this year. Such a move would likely boost investor confidence in XRP and pave the way for additional altcoin ETFs, including those based on Solana and Cardano.
Still, the SEC remains cautious. Amid increased regulatory scrutiny of the crypto sector, every new product faces intense examination. In that light, the delay may simply be a matter of procedure — and patience.
